Ignoring Doubt and Embracing Success (with Flex Lewis) Pt. 2 - March ‘23 | Ep 619
The Game with Alex Hormozi
Equation for Success: Volume x Leverage = Output
The key equation for achieving success is the multiplication of volume (number of activities) by leverage (return on each activity), resulting in the output. Leverage plays a crucial role in amplifying the outcome of efforts, as seen with successful individuals like Warren Buffett. It's highlighted that choosing activities with the highest multiplier effect is essential to maximize returns on time investment. Prioritizing opportunities based on the potential to generate significant returns, such as aiming for billionaire-level outcomes, is crucial. The concept of dedicating focused time and effort to a single impactful venture over multiple mediocre ones is emphasized. Making strategic long-term commitments, akin to committing to a venture for five to seven years, is crucial for entrepreneurial success. Selectivity in picking ventures, based on their potential long-term impact and avoiding dispersing efforts on multiple fronts, is crucial for maximizing success in entrepreneurship.
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